Write the equation of the line that passes through the given points. (-6,0) and (0,3)
1 answer:
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Answer:
The value of the account will be $5,628
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
therefore
The value of the account will be $5,628